Mortgage Broker with VA loan information for Clinton, Utah residence
Last Updated on Monday, 19 April 2010 10:26 Written by Casey Monday, 19 April 2010 10:26
Blogisode 97
If you are in the military, have recently been stationed at Hill AFB, are entitled to a VA loan, and want to live in Clinton, Utah, I can help you with your mortgage needs. I’m Casey Persinger, The Low Price Lender; I’m a mortgage broker who is licensed in the state of Utah. I have over 10 plus years in lending experience and have originated many VA loans for current members of the military, members of the reserves who are eligible, and those who have retired military.
First and foremost to qualify for a VA loan the borrower you must either be currently active and serving in a branch of the military, retired military, a reservist who has earned enough points in active duty or enough time in the reserves to qualify for the entitlement, or the spouse of a veteran who either died in service or as the result of service. I can quickly find out if you qualify for this entitlement and do so in a way that will cut through a lot of the red tape involved in government programs to find this out for you.
A VA loan is a great product to use to purchase a home with. For starters with a VA loan there is no minimum down payment required. VA loans are insured by the Federal Government and have no monthly mortgage insurance. The VA loan does have an UFMIP (Up Front Mortgage Insurance Premium) it is called a Funding Fee. The Funding Fee ranges from as little as 0 percent of the purchase price or of the amount refinanced to as much as 3.3 percent of the purchase price or of the amount refinanced. This amount is based on the Loan To Value or LTV and the veteran themselves. A veteran who is disabled could be subject to a lower Funding Fee than a veteran with no disability. I’m able to tell you what percentage of the Funding Fee you would be eligible for and to that in a timely manner. In Clinton, Utah the “Lending Limit”, to not be considered a JUMBO loan, for a purchase or refinance of a VA loan is $417,000 including the Funding Fee for 2010 year.
My office is located at 2017 N Main Street Suite 204 in Layton, Utah about 5 miles from Clinton, Utah a short 10 minutes south on Main Street or I-15. I would be more than happy to help you with any of your VA loan questions and scenarios. Call me at 801-682-5626 and ask for me, Casey Persinger; The Low Price Lender.
